Nifty Futures Trading

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15 min chart Nifty

Wedge ? But Dow, SGX Nifty says different.
Kudos Satyajitda,
Now Dow just 26 points up while it was trading 152 points up during the initial session. This 126 points fall indicates that Dow is still weak. For tomorrow I expect a small gap up to flat opening and then a fall in the later half.
 

Sunil

Well-Known Member
KEY SPOT LEVELS FOR TODAY

(coincidentally, it's a perfect 20 pt step today)

SUPPORTS:

4315 - this level will always be there in the picture

4295 - the BULLISH PIVOT for today. Bulls are strong as long as this level is sustained. Attempt to go long can be made wil SL below 4275 (if conditions favour bullishness)

4275 - Bearish Pivot; Bears get ready below this level. Was a good "neck" for yesterday's rally.

4255 - S1 for today

4235-40 - A good "back" of this pullback. If this goes today, back of bulls break.

4215 - Supposedly, a strong support / root of the current bull rally (which I hope, is not a mirage of expiry). If this level breaks, mirage is exposed. S2 for today.


RESISTANCES

4335

4355 - R1 for today. Peak of Monday's sideways trade - the next PEAK. Will signal strength of bulls if this level breaks easily.

4375 - R2 for today. peak of friday. If this level breaks & premium in July & Aug FUT remain, then probably, this may not be a mirage.

These 3 will be the Mahabharat Zone 4335-4355-4375

4395-4400 - enough for current pullback from 4165 levels. 200+ pts in one shot/wave in 2 days require some cooling. Good shorting level, considering strong resistances at 4335 with minor at 4315. From here, there's a gap resistance upto 4435
 

Sunil

Well-Known Member
today is the EXpiry day. it will be a tough & exhausting EXam for all of us. EXpect the unEXpected in nifty & sensEX. EXercise all your in-the-money options. all put-of-money options will sadly EXpire worthless.

i would request the EXperienced EXperts to EXchange their EXceptional trading ideas with us and set an EXample for us in this complEX trading world.

i would invite newcomers to ask for EXplanation from such EXperienced EXperts, so that they can EXceed their EXpectations & EXcel in their trading.
also, try to EXplore & EXamine charts conteXT properly. try to EXperiment but not in EXcess.
dont get EXited, keep EXhaling positive attitude and EXclude any negatives.
EXecute trades with EXact stop loss. EXit partly at targets with trailing stops for rest.
dont EXert yourself, but EXpand your outlook.
these little EXtras add to our EXchequer.
EXhibit professionalism, or else will become EXtinct.
Also, no EXpletive EXpressions allowed - EXplicit warning will be given.

try to have EXotic weekends, but not with your EX. take care of EXpenses.




PS this is not an EXhaustive list of rules ; i m not remembering my EX ;)
 

renu daga

Well-Known Member
nifty formed ulimately 2 high pivots a 35,,,and if able to cross,,, this which is too tight res,,,,,

vwap for 60 min is 4272..if i am rgt(can cantyone throw light on this value)
renu
 

Sunil

Well-Known Member
4295 - the BULLISH PIVOT for today. Bulls are strong as long as this level is sustained. Attempt to go long can be made wil SL below 4275 (if conditions favour bullishness)
well, the bullish pivot held... but since expiry today, i will just be more into scalping trades..
booking part profit of longs here
 
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